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<h1 id="DocTitle">2004 Annual Report</h1>
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<option value="1" selected>Cover Sheet</option>
<option value="3">...the joy of Netflix</option>
<option value="4">Letter to Shareholders</option>
<option value="14">Performance Measurements</option>
<option value="15">Form 10-K</option>
<option value="17"> PART I</option>
<option value="17"> Item 1. Business</option>
<option value="24"> Item 2. Properties</option>
<option value="24"> Item 3. Legal Proceedings</option>
<option value="25"> Item 4. Submission of Matters to a Vote of Security Holders</option>
<option value="26"> PART II</option>
<option value="26"> Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of E</option>
<option value="27"> Item 6. Selected Financial Data</option>
<option value="28"> Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations</option>
<option value="56"> Item 7A. Quantitative and Qualitative Disclosures About Market Risk</option>
<option value="56"> Item 8. Financial Statements and Supplementary Data</option>
<option value="56"> Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure</option>
<option value="56"> Item 9A. Controls and Procedures</option>
<option value="57"> Item 9B. Other Information</option>
<option value="58"> PART III</option>
<option value="58"> Item 10. Directors and Executive Officers of the Registrant</option>
<option value="58"> Item 11. Executive Compensation</option>
<option value="58"> Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matt</option>
<option value="58"> Item 13. Certain Relationships and Related Transactions</option>
<option value="58"> Item 14. Principal Accountant Fees and Services</option>
<option value="59"> PART IV</option>
<option value="59"> Item 15. Exhibits and Financial Statement Schedules</option>
<option value="62"> Reports of Independent Registered Public Accounting Firm</option>
<option value="64"> Consolidated Balance Sheets as of December 31, 2003 and 2004</option>
<option value="65"> Consolidated Statements of Operations</option>
<option value="66"> Consolidated Statements of Stockholders’ (Deficit) Equity and Comprehensive Income (Loss) </option>
<option value="67"> Consolidated Statements of Cash Flows</option>
<option value="68"> Notes to Consolidated Financial Statements</option>
<option value="87">Signatures</option>
<option value="87">Power of Attorney</option>
<option value="88">Exhibit Index</option>
<option value="94">Corporate Directory</option>
<option value="95">Back Cover</option>
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